• Thank you for taking the time to fill out this survey. Its purpose is to understand staff views regarding QBE’s investment in and underwriting of coal, oil and gas companies and projects, and the impacts climate change is having and will have on the company.

    It is anonymous and takes two minutes to complete.

    This survey is organised by Market Forces, an independent environment group that advocates for finance and investment to be directed away from activities that harm the environment and towards activities that protect and enhance it.

  • In 2017 QBE reported a US$1.2 billion after-tax loss mainly due to extreme weather events. Some of these events, such as wildfires, hurricanes and floods are being progressively worsened by the effects of climate change.

    Munich Re and Swiss Re warned at the end of 2017 that climate change threatens the entire business model of the insurance industry, due to actuaries being unable to model future risk based on past risk.

  • Other insurance companies, such as Axa, Allianz and Zurich have responded to increasing climate change risk by divesting their coal company shares.